Democrats’ massive spending plans will blow up US budget for generations
Reckless spending & lying of course. The "infrastructure" plan as well, which spent more on anything else than it did infrastructure. Our grandchildren's children will still be paying this off. And how much more will/can he spend in another 3 years?
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Democrats’ massive spending plans will blow up US budget for generations
“It’s going to cost nothing,” President Biden said of the Democrats’ massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week.
Don’t believe it. The bill, which aims to move America closer to a European-style social-welfare state, will shorten the fuse on a debt bomb that’s already set to detonate.
Last year, lawmakers enacted $3 trillion in (mostly) justified deficit spending for a once-in-a-lifetime pandemic. Yet the 2021 spending blowout is set to dwarf those costs. Lawmakers have already enacted a $1.9 trillion “stimulus” bill filled with unnecessary items like unemployment benefits that exceed the wages for many available jobs, and bailouts to states already running budget surpluses. The Senate has passed a $550 billion infrastructure bill that is financed mostly with gimmicks. Biden’s 8.4 percent discretionary spending increase would permanently raise the baseline by $1 trillion over the decade.
And now, Democrats are trying to pass a $3.5 trillion reconciliation bill that would raise deficits by as much as $1.75 trillion. Even those figures understate the bill’s true cost by at least $1 trillion by pretending that policies like the expanded child tax credit will expire within a few years, even though the Democrats’ policy is to make them permanent.
Add it all up, and congressional Democrats are set to commit $8 trillion in new spending over the decade, of which $6 trillion would be borrowed. That is quadruple the net cost of the 2017 tax cuts.
It would be enough money to eliminate the employee side of the payroll tax, or deposit $60,000 into each family’s bank account. Instead, it will be spent on a grab bag of long-standing liberal policies.
Rest - https://nypost.com/2021/09/27/democr...r-generations/
Biden, Dems’ $3.5T spending spree includes money for ‘tree equity,’ bias training
The $3.5 trillion spending bill being pushed by President Biden and Congressional Democratic leadership includes a $3 billion “tree equity” outlay for planting saplings and $25 million on “anti-discrimination and bias training” in the healthcare industry — as well as nearly $79 billion for the Internal Revenue Service to step up its enforcement of tax laws.
Those are just three of the eye-popping provisions in the spending bill, the final text of which was released Saturday and which is set to be debated and voted on by the House later this week.
While the measure has made headlines over its authorization of huge new spending on a broad array of social issues pushed by the left — including social safety net programs, and components of the Green New Deal — a close look at the bill reveals less-discussed measures likely to stir similar controversy.
The $3 billion earmarked by the House Agriculture Committee would be doled out to state, local or tribal governments for “tree planting and related activities to increase community tree canopy and associated societal and climate co-benefits, with a priority for projects that increase tree equity.”
Rest - https://nypost.com/2021/09/27/biden-...bias-training/
A couple of months old and obviously stands true today, only gotten worse of course.
Democrats' spending plans don't show any signs of sanity
The federal government debt, which is higher than it has been at any point since World War II, is now larger than the entire American economy.
If the Democratic Party gets its way, the federal government will soon add more than $4.1 trillion in spending to the $1.9 trillion it authorized in March. Or, to put it another way: If the Democratic Party gets its way, the federal government will have authorized nearly 1 1/2 times more in spending during the first eight months of Joe Biden’s presidency than it spent in all of 2019. So much for that much-vaunted return to sanity.
Even in perfect circumstances, the Democrats’ proposed binge would be both unnecessary and inappropriate. The economy, which has been extremely well “stimulated” over the past year, is recovering well on its own. There is no crisis in our “infrastructure,” however loosely one defines that word. With our previous spending this year, we have already overshot the economy’s output gap.
And, lest we forget, Democrats were not, in fact, sent to Washington with a mandate to change everything, but given an evenly divided Senate, the slimmest House majority since World War I, and a president who won in a squeaker. Had just 90,000 votes gone the other way, it would be the Republicans, not the Democrats, who would control all of Washington, D.C. Were this a time of plenty, the case for a splurge would remain weak.
Beyond repair? Biden's top job is to autocrat-proof democracy after Trump. Six months in, he's failing.
Democrats are spending money we don't have
But now? Now, the push represents nothing less than a sustained rejection of the reality in which we find ourselves. Under the stewardship of presidents of both parties, we have just finished a colossal anti-COVID-19 spending spree that totaled more than $5 trillion. The federal government’s debt, which is higher than it has been at any point since World War II, is now larger than the entire American economy.
Rest - https://www.usatoday.com/story/opini...on/8026798002/
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Originally Posted by JakeStarkey
